Quote

Request for Quote (RFQ) functionality plays a pivotal role in facilitating transparent and efficient trading processes. RFQs allow market participants to solicit quotes from liquidity providers for a specific currency pair.

When initiating an RFQ, the user submits a request specifying the desired quantity and any other pertinent trading parameters. Subsequently, liquidity providers respond with quotes detailing their offered prices, along with relevant terms and conditions. Upon receiving multiple quotes, the trader evaluates them based on factors such as price competitiveness, execution speed, and counterparty reliability.

Once satisfied, the trader may proceed to accept the most favorable quote, initiating the trade execution process. Conversely, if none of the received quotes meet the trader's requirements, they have the option to reject all quotes and reassess their trading strategy or parameters.

This dynamic RFQ process empowers traders with the flexibility to navigate FX markets while ensuring optimal execution outcomes tailored to their specific needs.

📄️ Request quotes

Request quotes using specified criteria. Either the buy amount or sell amount is required, but not both.

📄️ Reject quotes

Reject all quotes in the specified batch.

📄️ Retrieve quotes batch

Retrieve a quotes batch with specified id.

📄️ Accept quote

Accept an individual rate quote, within a batch. All other rate quotes will automatically be rejected.